Press release
Latin America Protective Relay in Electric Utilities Market To Witness Astonishing Growth – 2026 | Key Players: Schweitzer Engineering Laboratories, Inc., General Electric Company
The Latin America Protective Relay in Electric Utilities Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Latin America Protective Relay in Electric Utilities market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Latin America Protective Relay in Electric Utilities market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Latin America Protective Relay in Electric Utilities market.The Latin America Protective Relay Market in Electric Utilities is expected to reach a CAGR of 4% over the forecast period 2021- 2026.
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Top Leading Companies of Latin America Protective Relay in Electric Utilities Market are - Schweitzer Engineering Laboratories, Inc., General Electric Company, Eaton Corporation PLC, ABB Ltd and others.
Industry News and Updates:
- November 2019 - The technology group Wartsila and Empresa Generadora de Electricidad Haina (EGE Haina) signed a commissioning agreement that converts the Quisqueya 2 power plant to natural gas operation in the Dominican Republic. Both companies have also signed a long-term service agreement covering all the W-rtsil- power plants that are owned and/or operated by EGE Haina, allowing accurate predictability of spare parts and maintenance costs for the Quisqueya 2, Sultana del Este, and Palenque power plants. The total installed capacity of the three plants is approximately 400 MW. This enhances the demand for the protective relay in the Dominican Republic.
Key Market Trends:
Increasing Capacity of Power Generation in Brazil Accounts For Significant Growth
- According to CCEE (Power Commercialization Chamber) Brazil, the electricity consumption in Brazil is expected to increase from 485.28 terawatt-hours in 2019 to 564.17 terawatt-hours in 2023. This consumption holds the demand for electricity generation capacity in powerplant, such as thermoelectric, wind, thermonuclear, etc. Owing to such demand, the usage of protective relay significantly increases in this country.
- The protective relay is designed to trigger a circuit breaker when a fault is detected, and the zones of protection are for generator and unit transformer, station transformer, and to many other components, The portion of a power system is de-energized through the opening of a fault interrupting device that has been operated by a protective relay output.
By Type:
Electromechanical & Static Relay
Digital & Numerical Relay
By Application:
Utilities
Industrial
Railways
Automobile
Others
Regional Analysis:
Thermal Powerplant Accounts for Significant Growth in Argentina
- Argentina generates its electricity using thermal power plants, which is based on fossil fuels (60%), hydroelectric powerplants (36%), and nuclear plants (3%), while wind and solar power accounted for less than 1%. There are around 9.5 GW of thermal power plants in the pipeline and planning stages in the country. These projects are worth around USD 9.92 billion and are expected to come into operation by 2025. With its pipeline projects, the demand for protective relay significantly rises in the future period.
- Players such as Central T-rmica Ezeiza has aimed to increase its thermal plant capacity to 150 MW. The Commercial Operation Date (COD) is estimated to take place during 2020, which is being operated by Grupo Albanesi, and the commercial equipment authorization is being provided to Siemens.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Latin America Protective Relay in Electric Utilities Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Latin America Protective Relay in Electric Utilities Market (%),2016 - 2026
- Latin America Protective Relay in Electric Utilities Market Share, By Brand
- Latin America Protective Relay in Electric Utilities Market Share, By Company
- Latin America Protective Relay in Electric Utilities Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Latin America Protective Relay in Electric Utilities Market Value Analysis & Forecast
- Promising Latin America Protective Relay in Electric Utilities Development by Major Companies
- Detailed Latin America Protective Relay in Electric Utilities Portfolio of the Major Companies
- Major Deals in the Latin America Protective Relay in Electric Utilities Market
- Major Companies Analysis
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sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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